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\begin{tabular}{lccccc} \hline
 & (1) & (2) & (3) & (4) & (5) \\
VARIABLES & license=1 if ban=1 & Hybrid & Misreport & All & All \\ \hline
 &  &  &  &  &  \\
black & -0.114*** & -0.108*** & -0.109*** & -0.113*** & -0.117*** \\
 & (0.0217) & (0.0178) & (0.0185) & (0.0210) & (0.0209) \\
license & -0.00320 & 0.0246 & 0.0432** & 0.0301 & 0.0298 \\
 & (0.0196) & (0.0230) & (0.0175) & (0.0208) & (0.0209) \\
license*black & 0.0665 & 0.0683 & 0.0750 & 0.0654 & 0.0699 \\
 & (0.0580) & (0.0700) & (0.0466) & (0.0597) & (0.0693) \\
BTBban & 0.0343 & 0.0757 & 0.0237 & 0.0573** & 0.106** \\
 & (0.0286) & (0.0553) & (0.0357) & (0.0271) & (0.0482) \\
BTBban*black & 0.170*** & 0.245** & 0.209*** & 0.164*** & 0.180** \\
 & (0.0556) & (0.0955) & (0.0677) & (0.0592) & (0.0749) \\
nonBTBban & 0.0174 & 0.0455 & 0.0219 & 0.0376 & 0.0596** \\
 & (0.0221) & (0.0347) & (0.0301) & (0.0232) & (0.0271) \\
nonBTBban*black & -0.0721 & 0.128 & 0.0564 & -0.0729 & -0.0841 \\
 & (0.0866) & (0.155) & (0.0984) & (0.0870) & (0.0991) \\
Constant & 2.108*** & 2.107*** & 2.132*** & 2.108*** & 2.111*** \\
 & (0.0739) & (0.0756) & (0.0748) & (0.0763) & (0.0757) \\
 &  &  &  &  &  \\
Observations & 30,256 & 30,256 & 30,256 & 30,256 & 27,530 \\
 R-squared & 0.560 & 0.561 & 0.564 & 0.563 & 0.569 \\ \hline
\multicolumn{6}{c}{ Robust standard errors in parentheses} \\
\multicolumn{6}{c}{ *** p$<$0.01, ** p$<$0.05, * p$<$0.1} \\
\end{tabular}
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